OOCL: Unaudited Quarterly Operational Update For The Third Quarter Ended 30th September 2013

The Board of Directors (the “Board”) of Orient Over seas (International) Limited (the “Company”) has adopted a policy of announcing unaud ited operational updates for Orient Overseas Container Line (“OOCL”) on a quarterly bas is. This announcement sets out the unaudited operational update for OOCL for the third quarter of 2013 (ended 30th September 2013). The comparative figures for the third quart er of 2012 (ended 30th September 2012) are also disclosed in this announcement. For the third quarter of 2013 (ended 30th September 2013), total volumes were 0.9% down from the same period last year. Total revenues dec reased by 10.1% to US Dollars 1,435.8 million. Loadable capacity decreased by 0.8%. The overall load factor was the same as the corresponding period in 2012. Overall average revenue per teu dropped by 9.4% compared to the third quarter of last year.

For the first nine months of 2013 (ended 30th September 2013), total volumes decreased by 1.3% over the same period last year and total revenues recorded a 6.0% decrease. Loadable capacity increased by 0.9%. The overall load factor was 1.6% lower than the same period in 2012. Overall average revenue per teu decreased by 4.8% compared to the same period last year.
Source: Orient Overseas (International) Limited